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Stock impact report

Jim Beam ages its marketing strategy for the budget-minded consumer [Yahoo! Finance]

Maplebear Inc. (CART) 
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4715924
Company Research Source: Yahoo! Finance
Jim Beam is looking to tap into the affordable luxury market as consumers continue to face economic strain and uncertainty. To do so, the Suntory brand is building off of its 2024 marketing strategy while heavily featuring Jim Beam Black, a 7-year-aged bourbon with an attainable price. Jim Beam isn't using Jim Beam Black to pivot the brand from an affordable, everyday bourbon to something more exclusive. Rather, the marketing aims to expand the brand's consumer base and versatility. This includes a heavy emphasis on music and sports along with new product introductions. Also on tap are plans to build on the success of the brand's 2024 “People are Good For You” campaign. “It's a great proposition to allow consumers to experience that special expression of Jim Beam, while also helping us premiumize the overall portfolio and meet consumers who are looking for something that's a little longer aged and has a different liquid profile than our base business,” said John Alvarado, Suntory Show less Read more
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